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Real_Xi_Jinping's profile
Chairman of the Universe Xi Jinping🚄
Chairman of the Universe Xi Jinping🚄
Chairman of the Universe Xi Jinping 🚄
@Real_Xi_Jinping

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Chairman of the Universe Xi Jinping 🚄

@Real_Xi_Jinping

Shitposting with Chinese Characteristics http://curiouscat.me/Real_Xi_Jinping  R/ACC, NRx, Futurist gang🚄

sác on diéz
Joined January 2018

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    1. Forward Synthesis‏ @forwardsynth Aug 14

      I'm becoming convinced that the main reason behind the consistent association between 20th Century actually existing socialism and famine is state monopoly superprofits and not Hayekian calculational chaos.

      1 reply 1 retweet 5 likes
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    2. Forward Synthesis‏ @forwardsynth Aug 14

      If a corporation is big enough it can be a price maker, instead of a price taker at the whims of the market. A central planning state has the same dynamic only to a much greater degree.

      1 reply 0 retweets 3 likes
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    3. Forward Synthesis‏ @forwardsynth Aug 14

      Ultimately then, the errors of actually existing socialism are far more ironic than the calculation problem implies. The exploitation of surplus necessary to achieve these profits is far greater under state capitalism than it ever would be under market capitalism.

      1 reply 1 retweet 4 likes
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    4. Forward Synthesis‏ @forwardsynth Aug 14

      The perfect example is the grain confiscation undertaken by the Soviet Union to fund industrialization. The calculation argument can't explain this, but if you consider the state as a profit seeking monopoly it's obvious in the extreme.

      1 reply 0 retweets 1 like
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    5. Forward Synthesis‏ @forwardsynth Aug 14

      It also explains why life was shitty in actually existing socialist states, but at the same time they largely didn't economically collapse to the degree expected by a Hayekian explanation, but were withered away due to political reforms (because life was shitty).

      1 reply 0 retweets 2 likes
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    6. Forward Synthesis‏ @forwardsynth Aug 14

      The competition that occurs in a (competitive) market system means that most productive entities cannot extract maximum profits because they would be undercut.

      1 reply 0 retweets 2 likes
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    7. Forward Synthesis‏ @forwardsynth Aug 14

      Monopolies that take advantage of scale economies can achieve superprofits for the simple reason that there's no alternative. They can thereby set prices to a much greater degree than regular firms. This is textbook modern neoclassical synthesis economics.

      1 reply 0 retweets 1 like
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    8. Forward Synthesis‏ @forwardsynth Aug 14

      A state that acts as an economic entity is just one step further up, and it has an extra advantage in being able to put down competitors through force. It will therefore tend towards collecting the greatest amount of rent it can without inspiring major revolt.

      1 reply 0 retweets 2 likes
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    9. Forward Synthesis‏ @forwardsynth Aug 14

      The crux of the irony here is that although superprofits are mainstream economics, they originate in Marxist analysis.

      1 reply 0 retweets 1 like
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    10. Forward Synthesis‏ @forwardsynth Aug 14

      This wasn't lost on Stalin, whose remarks can be summed up as: "Yes, but I'm doing it ironically!"pic.twitter.com/5WqHjP8cnc

      2 replies 0 retweets 3 likes
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      Chairman of the Universe Xi Jinping 🚄‏ @Real_Xi_Jinping Aug 14
      Replying to @forwardsynth

      "I was doing an irony" Jospeh Stalin

      5:21 AM - 14 Aug 2018
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      • Forward Synthesis
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